Barclays Plc · LSE:BARC
Barclays — Lehman Financial Services Conference 2007
15 slides from Barclays's conference presentation, Sep 10, 2007
Slide 1: Robert E. Diamond Jr, President, Barclays PLC
Robert E. Diamond Jr President, Barclays PLC Lehman Financial Services Conference, New York 10th September 2007
Slide 2: Overview – Investment Banking and Investment Management
Overview – Investment Banking and Investment Management • Market Conditions Barclays: Current Position and Performance Barclays: Well Positioned for the Future
Slide 3: Current Market Conditions
Current Market Conditions • Sub-Prime
Slide 4: Current Market Conditions
Current Market Conditions • Sub-Prime • Leveraged Finance
Slide 5: Current Market Conditions
Current Market Conditions • Sub-Prime • Leveraged Finance • Liquidity at the Short End
Slide 6: Current Market Conditions
Current Market Conditions • Sub-Prime • Leveraged Finance • Liquidity at the Short End • Quantitative Investment Funds
Slide 7: Flight to Quality
Flight to Quality • Growth in core asset classes: commodities, Barclays equities Capital Capturing share in flow businesses: FX, Prime Brokerage, Government Bonds, Convertible Bonds Over $2trn AuM BGI ETFs, scientific active, securities lending, cash management Investment product innovation – BGI El
Slide 8: Barclays Capital continues to perform well
Barclays Capital continues to perform well • July better than last year • August profitable • August YTD profits well ahead of last year
Slide 9: Well positioned for the future
Well positioned for the future • Our model • CDB • Credit as an asset class • Industry trends
Slide 10: We are in large markets with many opportunities
We are in large markets with many opportunities Estimated global revenues $ billion, estimates 2006 7-10% expected annual growth over next 10 years ~280~340~250~870 Investment Banking Asset Management Wealth Management Total Revenue Pool Estimated market sharepercent Top 5 players Investment banking
Slide 11: Europe and Asia will drive future growth
Europe and Asia will drive future growth Global Investment Banking revenues and Barclays Capital revenues by region $ billion, estimates 2006. 100% = 11.5 Europe 34% US Asia and RoW Global Capital Expected financial stock growth CAGR 2007-2010, percent Europe 10% US Asia and RoW 6% 11% Cross-border
Slide 12: Performance through the cycle
Performance through the cycle Income (£m) Interest Rates Credit Spreads Volatility Equity Markets M&A activity Inflation 4,505 6,267 4,153 3,518 3,437 2,427 2,841 2,178 2,216 1,382 1,730 (£m) 1,142 1,431 1,660 (£m) 1,246 1999 2000 2001 2002 2003 2004 2005 2006 H1 2007 Rates Down Down Up Up Up Up Spr
Slide 13: Confident of continued growth
Confident of continued growth Investment Banking PBT CAGR (2000-06) 25% 19% 15% 11% 7% 6% 6% 5% 4% 4% 1% BarCap GS LB SG DB ML CS BNP UBS Citi JPM Investment Management PBT CAGR (2000-06) 39% 23% 21% 11% 10% 9% 7% 5% -4% -8% Blackrock State Street Mellon UBS Alliance Bernstein ML CS Citi MS
Slide 14: Robert E. Diamond Jr
Robert E. Diamond Jr President, Barclays PLC Lehman Financial Services Conference, New York 10th September 2007
Slide 15: SEC filings
SEC filings In connection with the proposed business combination transaction between ABN AMRO Holding N.V. (“ABN AMRO”) and Barclays PLC (“Barclays”), Barclays has filed with the U.S. Securities and Exchange Commission (“SEC”) a Registration Statement on Form F-4 (“Form F-4”), which includes the Bar